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100 firms close shop, capacity utilisation plummetsONLY 10 out of the 74-companies listed on the Zimbabwe Stock Exchange (ZSE) are in good shape while over 100 firms have closed shop since 2011, signifying an industrial ‘Armage-ddon’ that requires swift remedial action if further de-industrialisation is to be averted.…
Deals worth US$20m under probeFRESH details of the leadership crisis at Air Zimbabwe (AirZim) have emerged, with forensic auditors exposing possible manipulation of aviation insurance policies by past and present bosses, which could have prejudiced the State-run airline of millions of United States dollars between 2009 and this year.The AirZim…
THE Attorney General (AG) Johannes Tomana has said his office is treating the US$6 million diamond scandal seriously and is waiting for law enforcement agents to conclude their work before due process can take its course, depending on the findings.…
REDCLIFF — Workers at New Zimbabwe Steel (NewZimsteel) are hoping that the new administration will come to their rescue by expediting the implementation of the Essar deal.Essar Holdings, a conglomerate from India, acquired 54 percent of the then Zimbabwe Iron and Steel Company (ZISCO) from government in September 2011, in…
POWER struggles within the Movement for Democratic Change (MDC-T) have taken an ugly turn with some senior members now being touted to succeed party leader, Morgan Tsvangirai, ahead of or at the party congress scheduled for 2016, The Financial Gazette can exclusively reveal.…
THE European Union (EU) is reportedly split over continued sanctions on crisis-torn Zimbabwe, which recently emerged from a disputed but peaceful election in which President Robert Mugabe won by a landslide majority.…
Movement for Democratic Change (MDC-T) leader, Morgan Tsvangirai, has been walking a tightrope since his electoral defeat on July 31 as pressure for him to step down from the party’s helm mounts.Although the party’s exiled treasurer general, Roy Bennett, is seemingly the only one with the guts to openly talk…
PRESIDENT Robert Mugabe has sent the first clearest sign yet, signalling his intention to quit active politics possibly before the end of his five-year term by appointing an outright political Cabinet that blends the old guard with the young Turks, in what could be indicative of his desire for continuity,…
THE importation of maize to avert starvation in the face of looming hunger will have huge financial implications on the country which, among other things, may drain the fiscus and result in increased cost of borrowing on an already liquidity challenged domestic market, analysts have said.…
MASVINGO — Former Masvingo governor, Dzikamai Mavhaire, who has been lingering in the political wilderness after a fallout with President Robert Mugabe, has bounced back as Minister of Energy and Power Development.…
